Stability prevailed in regional slaughter cattle prices. The WBR Mercosur Steer Index remained stable at US$ 4.94 per kg carcass weight, with firmness in Paraguay, Uruguay and Argentina offsetting the moderate downward correction in Brazil.
The finished male price in Brazil’s main cattle-producing regions fell 2 cents during the week to US$ 4.41 per kg carcass weight due to weaker domestic demand at the end of the month.
In Argentina, the export steer reference remained stable at US$ 6.10/kg, including the 5% export tax on steer beef exports. There is expectation within the Argentine cattle sector that President Milei will announce the elimination of this tax at Expo Palermo in July.
In Uruguay, the upward trend moderated, with the special steer quoted around US$ 5.70/kg, 2 cents above the previous week.
Paraguay showed the strongest upward trend, with the slaughter male reference increasing 5 cents to US$ 4.90 per kg carcass weight.
